Citing personal reasons, Stefan Wolff stepped down as CEO of pSemi on October 1, after serving in the executive role for less than two years. In a statement released by the company, Wolff said, “It is with a heavy heart that I announce I must return to Germany in December to be with my family.”
Jim Cable, pSemi’s CEO prior to Wolff and currently CTO, will serve as CEO until a replacement is appointed. Wolff will remain in the U.S. and serve as a strategic advisor until December.
Announcing the change in leadership, pSemi said the company’s September quarter was “record-breaking,” with revenue 15 percent higher than the prior record.
pSemi, formerly called Peregrine Semiconductor, is a subsidiary of Japan’s Murata.
“pSemi is only beginning to harness and deliver its innovative products on a large scale. We have a fantastic team to deliver what the market needs next, a full design-win pipeline, an award-winning patent portfolio and outstanding support from our parent company, Murata. In my time at pSemi, we’ve made tremendous progress, and our team, our business and our product portfolio have grown substantially.” — Stefan Wolff
In addition to the change in CEO, pSemi announced the promotions of Donna Fenn as vice president of HR and Anil Tata as vice president of IT, effective October 1. Fenn joined pSemi in 2016 as director of HR, and Tata joined pSemi in 2015 as director of IT. Both positions report to the CEO.